The Group’s principal properties in India and Nigeria are as follows:

In India, HEPI has a participating interest in one producing property and four exploration licences:

	PY-3: HEPI has an 18 per cent. interest in this field which accounts for all of the Group’s production. It is located offshore in shallow water and produces a light, high quality crude oil (49° API).
	CY-OS/2: HEPI has a 75 per cent. participating interest in this exploration licence. HEPI is the Operator of the licence.
	GS-01: HEPI has a 10 per cent. participating interest in this offshore exploration licence. Its partner Reliance is the Operator of the licence.
	AS-ONN-2000/1: HEPI has a 10 per cent. participating interest in the AS-ONN-2000/1 block, a petroleum onshore exploration licence. Its partner Reliance is the Operator of the licence.
	D9: HEPI has a 10 per cent. participating interest in the D9 block, a deepwater offshore exploration licence. Its partner Reliance is the Operator of the licence.
	D3: HEPI holds a 10 per cent. participating interest in the D3 block, an offshore exploration licence. Its partner Reliance is the Operator of the licence.

In Nigeria, HON has a working interest in two marginal fields:

	Oza: HON holds a 20 per cent. working interest in the Oza property, an onshore development property operated by a local company, Millenium. HON is the foreign technical partner for this property.
	Atala: HON holds a 20 per cent. working interest in the Atala property, an onshore development property operated by a local company, Bayelsa. HON is the foreign technical partner for this property.

Hardy Oil and Gas plc is continually seeking further opportunities.